PRT Forest Regeneration Income Fund

PRT Forest Regeneration Income Fund

April 03, 2007 09:30 ET

PRT Trustees Defer Annual Meeting Date

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 3, 2007) - The Board of Trustees of PRT Forest Regeneration Income Fund ("PRT" or the "Fund") (TSX:PRT.UN) announced today that the controlling shareholder of PRT Management Inc., the company that provides management services to the Fund, has asked the Trustees of the Fund not to stand for re-election at its 2007 Annual General Meeting in order to accommodate the election of a slate of individuals more aligned with the growth through diversification objective which that shareholder advocates as an alternative to the existing strategy for the Fund. He advised the Trustees that discussions with certain key unitholders indicate that they support this proposed change in the strategic direction of the Fund.

As a result, the Trustees have determined to defer the date of the Annual General Meeting of the Fund until June 26, 2007. In the meantime they will consider the proposal in more detail, consult with interested stakeholders, and determine the appropriate course of action in response to that request.

PRT is an open ended, single purpose trust created to own all the common shares and subordinated notes of Pacific Regeneration Technologies Inc. PRT is the largest producer of container grown forest seedlings in North America, operating 15 nurseries in Canada and the USA. The Fund's units are listed for trading on the Toronto Stock Exchange under the symbol PRT.UN.

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